What is Secured and Unsecured loans? What is NPA and Write off and Pre NPA ?

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Secured loans are backed by collateral, while unsecured loans are not. NPA refers to non-performing assets, write off is when a loan is considered uncollectible, and pre NPA refers to loans at risk of becoming NPA.

Secured loans are loans that are backed by collateral, such as a house or car, reducing the risk for the lender.
Unsecured loans are not backed by collateral, making them riskier for the lender.
NPA (Non-Performing Asset) refers to loans where the borrower has failed to make interest or principal payments for a certain period of time.
Write off is when a loan is considered uncollectible and is removed from the lender's books as a loss.
Pre NPA refers to loans that are at risk of becoming NPA due to potential repayment issues by the borrower.

What is Secured and Unsecured loans? What is NPA and Write off and Pre NPA ?

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